CIBC releases revised Supplementary Financial Information

Amendments to IAS 19 "Employee Benefits" - We adopted amendments to IAS 19 "Employee Benefits" commencing
November 1, 2011, which require us to recognize: (i) actuarial gains
and losses in Other Comprehensive Income (OCI) in the period in which
they arise; (ii) interest income on plan assets in net income using the
same rate as that used to discount the defined benefit obligation; and
(iii) all past service costs (gains) in net income in the period in
which they arise.

Adoption of IFRS 10 "Consolidated Financial Statements" - We adopted IFRS 10 "Consolidated Financial Statements" commencing
November 1, 2012, which replaces IAS 27 "Consolidated and Separate
Financial Statements" and SIC-12 "Consolidated - Special Purpose
Entities". The adoption of IFRS 10 required us to deconsolidate CIBC
Capital Trust from the consolidated financial statements, which
resulted in the replacement of Capital Trust securities issued by CIBC
Capital Trust with Business and government deposits for the senior
deposit notes issued by us to CIBC Capital Trust.

Sale of Aeroplan portfolio - On December 27, 2013, we sold approximately 50 percent of our Aerogold
VISA portfolio, consisting primarily of credit card only customers, to
TD Bank Group. Accordingly, the revenue related to the sold credit card
portfolio was moved from Personal Banking to the Other line of business
within Retail and Business Banking.

Allocation of Treasury activities - Treasury-related transfer pricing will continue to be charged or
credited to each line of business within our Strategic Business Units
(SBUs). We changed our approach to allocating the residual financial
impact of Treasury activities. Certain fees will be charged directly
to the lines of business, and the residual net revenue will now be
retained in Corporate and Other.

Income statement presentation - We reclassified certain amounts associated with our self-managed
credit card portfolio from Non-interest expenses to Non-interest
income. There was no impact on consolidated net income due to this
reclassification.

CIBC is a leading Canadian-based global financial institution. Through
our three major business units - Retail and Business Banking, Wealth
Management and Wholesale Banking - our 43,000 employees provide a full
range of financial products and services to 11 million individual,
small business, commercial, corporate and institutional clients in
Canada and around the world. You can find other news releases and
information about CIBC in our Media Centre on our corporate website at www.cibc.com.

A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make
written or oral forward-looking statements within the meaning of
certain securities laws, including in this press release report, in
other filings with Canadian securities regulators or the U.S.
Securities and Exchange Commission and in other communications. These
statements include, but are not limited to, statements about
treasury-related transfer pricing and the release of first quarter 2014
results. Forward-looking statements are subject to inherent risks and
uncertainties that may be general or specific. A variety of factors,
many of which are beyond our control, could cause actual results to
differ materially from the expectations expressed in any of our
forward-looking statements. These factors include credit, market,
liquidity, strategic, insurance, operational, reputation and legal,
regulatory and environmental risk, and the effect of changes to
accounting standards, rules and interpretations. We do not undertake
to update any forward-looking statement except as required by law.